Goldgroup Announces Increase to Proposed Non-Brokered Private Placement

VANCOUVER, British Columbia, June 03, 2022 (GLOBE NEWSWIRE) -- Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that the Company has increased its previously announced private placement financing (see news release dated April 19, 2022) from 18,000,000 units of the Company (“Units”) to 19,542,857 Units at a price of $0.035 per Unit for aggregate gross proceeds of up to approximately $684,000 (the “Private Placement’). Each Unit will consist of one common share (a “Common Share”) and one common share purchase warrant (a “Warrant”), with each Warrant being exercisable to purchase one Common Share at a price of $0.05 for three years from the date of closing of the Private Placement.

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